Houston-based engineering and military contracting company KBR Inc. (formerly Kellogg Brown & Root) expects to generate less than a fifth of its 2011 revenue from U.S. military logistics, though the engineering company said that will be more than it had previously anticipated.

KBR Chief Executive Bill Utt said Thursday that the $280 million acquisition of Chicago-based Roberts & Schaefer, a bulk material handling and processing specialist in mining, power and refining, would contribute 11 cents a share to KBR’s 2011 earnings.

KBR has focused more on engineering projects for the energy and mining industries to offset the lost military work. Get the full story »